Bank of Tokyo-Mitsubishi marks Japanese first in Poland
The Bank Supervisory Commission (KNB) has given the green light for the Bank
of Tokyo-Mitsubishi to become the first Japanese bank to operate in Poland.
According to a report published by the KNB yesterday, the Bank of
Tokyo-Mitsubishi (Poland) originally applied only for permission to
establish a branch in the country, but instead it was granted the right to
offer its customers a full range of services. The bank, a member of the
Mitsubishi Tokyo Financial Group, ended the last financial year in the red
to the tune of $858 million. It currently manages assets of $608 billion. In
related news, the KNB has given permission for Deutsche Bank indirectly to
purchase 75% of MHB Bank Polska. (Rzeczpospolita, p. B5; Puls Biznesu, p.
10) J.K.
